Economy News

Greece raises 942 mln USD in treasury bills auction

Source: Xinhua | 2018-09-06

Greece raised on Wednesday 812.5 million euros (942 million U.S. dollars) in a 13-week treasury bills auction, the Public Debt Management Agency (PDMA) announced.

The three-month treasury bills were sold at 0.65 percent yield, unchanged from the previous similar auction carried out in August, according to an e-mailed PDMA press statement.

The debt-ridden country has conducted a monthly treasury bill auction program to cover maturing debts and meet its financing needs since it was shut out of international capital markets in 2010.

On Aug. 20 this year Greece exited the third bailout program which helped keep her afloat and in the euro zone over the past eight years and prepares its full return to the markets in coming months. (1 euro=1.16 U.S. dollars)

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